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Repiglican Roast

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Name: TheFuriousGourmet

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Saturday, December 09, 2006

Ecuador Plans `Case By Case' Oil-Lease Renegotiation

[...]

Correa also said he's seeking investment from Chile, Brazil and Venezuela to build refineries capable of handling the country's heavy crude oil.

``It's absurd that Ecuador, an oil exporter, has to import oil to feed its refineries,'' he said.

He hopes to move ahead with plans to build a refinery near the coast with the help of Venezuelan finance and technology from its state oil company, Petroleos de Venezuela SA.

[...]

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